HONOLULU (HawaiiNewsNow)- "The Tempest" marks the Hawaii premiere of the largest independent motion picture financed and produced from a Hawaii company, TalkStory Productions.

"The Tempest" is based on William Shakespeare's final masterpiece and includes a top-tier list of Hollywood, New York and international talent.  It was directed by Julie Taymor, the award-winning director of film and stage; Taymor's projects include the stage production of "The Lion King", and motion pictures "Frida", "Titus" and "Across the Universe".  Taymor, while vacationing several years ago on Lanai, was struck by the island's visual film potential and started to explore the possibility of filming "The Tempest" in Hawaii.  She contacted Jason K. Lau, president of Hawaii-based TalkStory Productions, who subsequently signed on as one of the producers of the film.

With a production budget of approximately $22 million, TalkStory raised the funds from private sources, taking advantage of the state's Act 221 tax credits.  Lau, who has a finance and investment background, has been an advocate of the benefits of Act 221 in helping to develop the local film industry.

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